(Reuters) - Aetna Inc, the No. 3 U.S. health insurer, on Monday said that due to persistent financial losses on Obamacare plans, it will sell individual insurance on the government-run online marketplaces in only four states next year, down from the current 15 states.Read Full Article →

(Reuters) - Some UK shell companies under offshore control may be skirting new rules which were designed to clamp down on corruption and tax evasion by forcing businesses to reveal their true owners, a Reuters analysis of corporate filings shows.Read Full Article →

More than two years after the FASB released its landmark revenue standard, and with nearly a year-and-a-half remaining before the standard must be applied to regulatory filings by U.S. public companies, revenue accounting continues to be the most frequent source of questions put to the SEC's staff. At the same, the existing revenue guidance in U.S. GAAP remains a frequent source of questions by reviewers in the SEC's Corporation Finance Division and the most common source of investigations by the agency's Enforcement Division.Read Full Article →

The FASB has released for public comment a draft chapter of its Conceptual Framework for financial statement presentation. If finalized, the guidelines should help the board make consistent decisions about presentation issues when it writes accounting standards.Read Full Article →

In a notice and a news release, IRS has explained how it will implement the changes made by 2015 legislation to the Individual Taxpayer Identification Number (ITIN) program and the potential consequences to taxpayers who do not renew an ITIN when required. An ITIN is a number issued to individuals who are not eligible to be issued a Social Security Number (SSN) but who still have a federal tax filing obligation.Read Full Article →

(Reuters) - Several U.S. states studied by S&P Global Ratings are ill-equipped to deal with an economic recession, hampered by the slow rebound in U.S. economic growth after the damage wrought by the Great Recession.Read Full Article →